Market Aligns with Long-Term Trends in February

Sales and Listings Continue to Stabilize Across All Areas

March 2025 | February 2025 Stats

Hamilton, ON (March 4, 2025) – Sales decreased 35 per cent year-over-year, reaching the lowest total for the month of February since 2009. However, new listings showed a more modest decline of nine per cent, which aligns with the month’s long-term averages. While sales slowed across all regions, Burlington experienced the most significant change. However, it will take some time to determine whether this is a trend or a one-off, as Burlington has held steady over the past few years. Despite these fluctuations, the market is showing signs of stabilizing and adjusting to long-term trends.

“Although the market looks different than what we have experienced the past few years, inventory and benchmark prices reflect a more stable market that is in alignment with long-term trends,” says Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area. “Buyers and sellers are able to make more thoughtful decisions, which presents a real opportunity to find a great property.”

Compared to the decline in sales, the more modest decrease in new listings has helped inventory levels rebound, increasing by 28 per cent. Inventory levels reached 2,599 units—the highest February inventory total since 2013. This boost in inventory also led to an increase in months of supply, which reached 4.5 months. This is nearly double the supply seen at this time last year, and it’s also the second-highest February total on record.

Increased options and the sharp decline in sales put downward pressure on pricing. The regional benchmark price dropped by 3 per cent to $812,600. Unlike in January, prices declined across all property types and regions, with the most significant price decreases experienced in the semi-detached and row sectors. It will take time to determine if this is the calm before a hot spring market or a longer-term trend.

Market Statistics by Region

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Hamilton

Burlington

Haldimand

Niagara-North

RAHB Total

Specific neighbourhoods within the overall RAHB market see results that often differ from the entire RAHB market area. Neighbourhoods vary and determining the right price and conditions when buying or selling a property can be challenging. Local RAHB REALTORS® have the experience, knowledge and tools to help buyers and sellers make those big decisions.

“It’s never too early to talk to a member of the REALTORS® Association of Hamilton-Burlington about your real estate and investment goals. Whether you are buying or selling, RAHB REALTORS® have the best tools and systems to help you navigate the market.”

**Average sale price can be useful in establishing long-term trends but should not be used as an indicator that specific properties have increased or decreased in value. Talk to your local REALTOR®.

 

 

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